Freetrade, a UK-based no-fee brokerage platform, has made a key change in its leadership, appointing Paul Brooking as the Chief Financial Officer. He has already taken up his new role earlier this month.
Brooking comes with more than 16 years of experience working with several financial companies. He has spent significant time in both fintech and traditional financial giants in his career.
He joined Freetrade from Revolut, where he was the Deputy CFO and Head of Financial Control for almost a year. Before that, he was with the Paysafe Group as an SVP and Group Financial Controller.
Additionally, he spent nine years of his career at brokerage giant IG in several leadership roles, parting with it as the Head of Corporate Finance. Originally, he began his career at PricewaterhouseCoopers, spending more than a decade there.
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Commenting on the appointment, Freetrade Founder and CEO, Adam Dodds, said: “I am pleased to welcome someone with such a wealth of private and public company experience in senior finance roles to our team. Paul’s expertise will be invaluable as we continue to scale our business and expand into new markets.”
Brooking’s appointment came when demand for Freetrade’s services is skyrocketing and the company is expanding its footprint in Europe. Earlier this year, the commission-free platform onboarded Karl Broomé as the Managing Director for Sweden, and Annica Lundblad and Torbjörn Ericsson as two new Non-Executive Directors.
Meanwhile, Freetrade has secured £50 million in its most recent funding round backed by several prominent venture capitals.
“I’m thrilled to be joining such an exciting business at this important point in its growth,” Brooking said. “The team’s commitment to get everyone investing is inspiring. There is a real need for a product that offers low-cost and equitable access to global equity markets that, importantly, puts customers’ long-term best interest at the heart of everything we do.”